Houlihan Lokey Inc (HLI) Shares Bought by Meeder Asset Management Inc.
Meeder Asset Management Inc. increased its position in Houlihan Lokey Inc (NYSE:HLI) by 911.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,757 shares of the financial services provider’s stock after purchasing an additional 9,694 shares during the period. Meeder Asset Management Inc.’s holdings in Houlihan Lokey were worth $489,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of HLI. Advisor Group Inc. lifted its position in shares of Houlihan Lokey by 2,125.0% in the third quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock worth $112,000 after buying an additional 2,720 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Houlihan Lokey by 12.3% in the second quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock worth $182,000 after buying an additional 570 shares in the last quarter. ETRADE Capital Management LLC purchased a new stake in shares of Houlihan Lokey in the third quarter worth about $250,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth about $261,000. Finally, California Public Employees Retirement System purchased a new stake in shares of Houlihan Lokey in the third quarter worth about $356,000. Institutional investors own 35.21% of the company’s stock.
HLI has been the topic of a number of recent research reports. UBS Group upped their price objective on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “buy” rating and set a $49.00 price objective on shares of Houlihan Lokey in a research report on Friday, December 22nd. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Friday, January 12th. Finally, Bank of America upped their price objective on Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $47.50.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Houlihan Lokey had a return on equity of 20.03% and a net margin of 17.25%. The business had revenue of $258.90 million for the quarter, compared to the consensus estimate of $240.98 million. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. equities research analysts predict that Houlihan Lokey Inc will post 2.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 31.62%.
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Houlihan Lokey Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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